Toronto Dominion Bank Has $35.47 Million Position in Northrop Grumman Co. (NYSE:NOC)

Toronto Dominion Bank raised its stake in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,629 shares of the aerospace company’s stock after buying an additional 11,201 shares during the period. Toronto Dominion Bank owned about 0.06% of Northrop Grumman worth $35,466,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NOC. OLD Mission Capital LLC bought a new position in shares of Northrop Grumman during the 3rd quarter valued at $5,643,000. Morgan Stanley raised its holdings in shares of Northrop Grumman by 7.5% during the 2nd quarter. Morgan Stanley now owns 1,725,988 shares of the aerospace company’s stock valued at $627,275,000 after purchasing an additional 119,686 shares in the last quarter. Atwood & Palmer Inc. raised its holdings in shares of Northrop Grumman by 0.9% during the 3rd quarter. Atwood & Palmer Inc. now owns 24,284 shares of the aerospace company’s stock valued at $8,746,000 after purchasing an additional 206 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Northrop Grumman by 36.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,491 shares of the aerospace company’s stock worth $537,000 after acquiring an additional 399 shares during the period. Finally, Intrua Financial LLC raised its holdings in Northrop Grumman by 13.8% in the 3rd quarter. Intrua Financial LLC now owns 1,065 shares of the aerospace company’s stock worth $413,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 83.20% of the company’s stock.

NYSE:NOC traded down $1.92 on Monday, reaching $465.28. The stock had a trading volume of 5,991 shares, compared to its average volume of 1,050,142. The company has a market capitalization of $72.45 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 3.05 and a beta of 0.74. Northrop Grumman Co. has a 1-year low of $336.03 and a 1-year high of $490.82. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 0.99. The stock has a fifty day moving average price of $434.61 and a 200-day moving average price of $397.75.

Northrop Grumman (NYSE:NOCGet Rating) last released its quarterly earnings results on Thursday, January 27th. The aerospace company reported $6.00 EPS for the quarter, beating the Zacks’ consensus estimate of $5.95 by $0.05. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $9 billion. Northrop Grumman had a net margin of 19.64% and a return on equity of 35.83%. The company’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $6.59 earnings per share. Sell-side analysts predict that Northrop Grumman Co. will post 24.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 16th. Stockholders of record on Monday, February 28th were given a dividend of $1.57 per share. The ex-dividend date was Friday, February 25th. This represents a $6.28 dividend on an annualized basis and a dividend yield of 1.35%. Northrop Grumman’s payout ratio is 14.40%.

Several brokerages recently commented on NOC. Wolfe Research downgraded shares of Northrop Grumman from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 11th. Wells Fargo & Company lifted their target price on shares of Northrop Grumman from $390.00 to $472.00 and gave the stock an “equal weight” rating in a report on Monday, March 7th. StockNews.com started coverage on shares of Northrop Grumman in a report on Thursday, March 31st. They set a “buy” rating on the stock. Jefferies Financial Group downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating and set a $410.00 price objective on the stock. in a report on Wednesday, January 5th. Finally, Susquehanna Bancshares boosted their price objective on shares of Northrop Grumman from $416.00 to $437.00 and gave the stock a “positive” rating in a report on Friday, January 28th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $427.27.

In related news, VP Mary D. Petryszyn sold 168 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $384.99, for a total transaction of $64,678.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sheila C. Cheston sold 575 shares of the business’s stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $397.00, for a total transaction of $228,275.00. The disclosure for this sale can be found here. Insiders have sold 10,738 shares of company stock worth $4,485,857 over the last quarter. 0.26% of the stock is owned by company insiders.

Northrop Grumman Company Profile (Get Rating)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

See Also

Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.